Rounded to the nearest quarter year, how long will it take an investment to quadruple if it

Question:

Rounded to the nearest quarter year, how long will it take an investment to quadruple if it earns:
a. 8% compounded annually?
b. 9% compounded semiannually?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Business Mathematics In Canada

ISBN: 978-0070009899

7th edition

Authors: Ernest Jerome

See More Books

Question Posted: Jan 20, 2016 07:32 AM

See More Questions

Alicia pays 38% income tax on any additional earnings. She has an opportunity to work overtime at 1.5 times her base wage of $23.50 per hour. Rounded to the nearest quarter hour, how much overtime...
Marcell Teague submitted a pay card reflecting the following hours worked at Kicy Inc. He earns $16.02 per hour. The company pays overtime only on hours worked exceeding 40 per week. The company is...
To the nearest month, how long will it take an investment to increase in value by 200% if it earns 7.5% compounded semiannually?
When developing cost functions, which of the following statements is FALSE? A. Personal observations of costs and activities provide the best evidence of a plausible relationship between a cost and...
P Company sells inventory costing $100,000 to its subsidiary, S Company, for $150,000. At the end of the current year, one-half of the goods remains in S Company's inventory. Applying the lower of...
Write balanced nuclear equations for the following reactions and identify X: 80 34
Design (through the logical phase) a student advising system that will enable an advisor to bring up the student's complete performance record at the university. A sample output screen should look...
Suppose that the demand curve for garbanzo beans is given by Q = 20 P Where Q is thousands of pounds of beans bought per week and P is the price in dollars per pound. a. How many beans will be...
Childs Play Company makes a plastic rattle for toddlers. The rattle is generally marketed through exclusive retailers located in upscale shopping malls. In late 2023, Diana Suarez, the president of...
In January 2012, Teresa Leal was named treasurer of Casa de Diseno. She decided that she could best orient herself by systematically examining each area of the companys financial operations. She...
The amount owed on a promissory note for $950 after two years and five months is $1165.79. What monthly compounded nominal rate of interest was charged on the debt?
Rounded to the nearest month, how long before a scheduled payment of $10,000 would a payment of $5000 be an economically equivalent alternative? Assume money is worth 5% compounded annually.
The stockholders' equity accounts of Karp Company at January 1, 2017, are as follows: Preferred Stock, 6%, $50 par .........................................$570,000 Common Stock, $7 par...
X 18. State the amplitude and period of: y = -4cos Graph one cycle of the function. 4 1 19. State the amplitude and period of: y = -sin(4x) Graph one cycle of the function. 4
Explain ways in which an organisation may overcome security vulnerabilities and issues?
A nonpipelined system takes 300ns to process a task. The same task can be processed in a 4-stage pipeline with a clock cycle of 50ns. Determine the speedup ratio of the pipeline for 400 tasks. What...
Within an orthodontic practice that I work in, insufficient patient care and poor time management are the most significant issues in the office. Beginning with the receptionists, scheduling...
How has the decision been improved with more of a focus on financial information? Why would it have been a better decision? How could you have included more financial information and where might it...
What is the rationale for the move from incurred loan provisioning method to the expected loan provisioning method? What are the pros and cons of each method?
(a) What is the focal length of a magnifying glass that gives an angular magnification of 8.0 when the image is at infinity? (b) How far must the object be from the lens?
Beginning inventory, purchases, and sales data for portable MP3 players are as follows: The business maintains a perpetual inventory system, costing by the first-in, first-out method. Determine the...
Should firms behave ethically?
The real risk-free rate of interest is 3 percent. Inflation is expected to be 2 percent this year and 4 percent during the next 2 years. Assume that the maturity risk premium is zero. What is the...
A Treasury bond that matures in 10 years has a yield of 6 percent. A 10-year corporate bond has a yield of 8 percent. Assume that the liquidity premium on the corporate bond is 0.5 percent. What is...
44. Dryer Companys policy is to keep 25% of the next month's sales in ending inventory. If Dryer meets its ending inventory policy at the end of April and sales are expected to be 24,000 units in May...
What general conclusions can you draw about your companys liquidity, solvency and productivity based on your ratio calculations. Working Capital 2017 = $9,994 M 2016 = $10,673 M Current Ratio 2017 =...
Tami Tyler opened Tami's Creations, Incorporated, a small manufacturing company, at the beginning of the year. Getting the company through its first quarter of operations placed a considerable strain...

Rounded to the nearest quarter year, how long will it take an investment to quadruple if it

Question:

Step by Step Answer:

a Given PV 1 FV 4 j 8 m 1 Since each period is 1 year the fractional period is just 4 quarters ...View the full answer

Business Mathematics In Canada

Students also viewed these Accounting questions